Kroger Co. (NYSE:KR) saw an upside of 0.11% to close Monday at $45.71 after adding $0.05 on the day. The 5-day average trading volume is 3,689,160 shares of the company’s common stock. It has gained $46.60 in the past week and touched a new high 1 time within the past 5 days. An average of 5,919,080 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,779,338.
KR’s 1-month performance is -1.68% or -$0.83 on its low of $44.22 reached on 09/08/23. The company’s shares have touched a 52-week low of $41.81 and high of $50.41, with the stock’s rally to the 52-week high happening on 05/22/23. YTD, KR has achieved 2.53% or $1.13 and has reached a new high 19 times. However, the current price is down -9.32% from the 52-week high price.
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Insider Transactions
KR stock investors last saw insider trading activity on Sep 22.FIKE CARIN L (Vice President and Treasurer) most recently sold 4,798 shares at $45.52 per share on Sep 22. This transaction cost the insider $218,417. Vice President and Treasurer, FIKE CARIN L, sold 6,000 shares at a price of $46.50 on Sep 15. Then, on Sep 12, Senior Vice President Massa Timothy A sold 23,000 shares at a price of $45.46 per share. This transaction amounted to $1,045,511.
Valuation Metrics
KR stock has a beta of 0.47. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.22 while the price-to-book (PB) in the most recent quarter is 3.10, with the price to cash flow ratio at 9.34.
Kroger Co.’s quick ratio for the period ended July 30 was 0.36, with the current ratio over the same period at 0.78. As well, the company’s long term debt to equity for the quarter ending July 30 was 1.74, while the total debt to equity was 1.87. In terms of profitability, the gross margin trailing 12 months is 19.78%. The trailing 12-month EBITDA margin is 5.47% while for the period ending July 30, Kroger Co.’s operating margin was 3.11%. The firm’s gross profit as reported stood at $31.78 billion against revenue of $148.26 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 506.11% to -$180.0 million, while revenue of $962.0 million was 634.44% off the previous quarter. Analysts expected KR to announce $0.91 per share in earnings in its latest quarter, but it posted $0.96, representing a 5.50% surprise. EBITDA for the quarter stood at more than $380.0 million. KR stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 39.6 billion, with total debt at $19.91 billion. Shareholders hold equity totaling $719.32 million.
Let’s look briefly at Kroger Co. (KR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 44.33% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.41%.
The stock’s 5-day moving average is $45.87, reflecting a -1.78% or -$0.83 change from its current price. KR is currently trading -1.78% above its 20-day SMA, -7.54% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.57% and SMA200 by-1.34%.
Stochastic %K and %D was 36.65% and 40.44% and the average true range (ATR) pointed at 0.80. The RSI (14) points at 44.15%, while the 14-day stochastic is at 37.06% with the period’s ATR at 0.83. The stock’s 9-day MACD Oscillator is pointing at -0.21 and -0.15 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Kroger Co. (NYSE: KR), HSBC Securities launched coverage with a Hold rating. Analysts offering their rating for KR stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate KR as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 have offered a “buy” rating.
What is KR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $42.00 and a high of $65.00, with their median price target at $52.00. Looking at these predictions, the average price target given by analysts is for Kroger Co. (KR) stock is $51.66.
